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Trefoil Company is a manufacturer of steel products for customers such as Home Depot, Lowes, Chrysler, Ford, and General Motors. In the year ended December
Trefoil Company is a manufacturer of steel products for customers such as Home Depot, Lowes, Chrysler, Ford, and General Motors. In the year ended December 31, 2016, it reported the following activities:
Required:
Based on this information, present the cash flows from the investing and financing activities sections of the cash flow statement. (Amounts to be deducted should be indicated by a minus sign.)
$33,075 10,200 Net income Purchase of equipment Payments on notes payable to bank Net proceeds from stock issuance Depreciation Proceeds from sale of equipment 250 3,304 23,400 890 Decrease in accounts receivable 39,400 1,710 Payments to acquire treasury stock TREFOIL COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31, 2016 Cash Flows from Investing Activities: 0 Cash Flows from Financing Activities: $ 0Step by Step Solution
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